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Ethereum Payments

What is RFOX token used for?

RFOX token is

The token connected to RFOX labs ecosystem.

RFOX token is used for

What is RFOX labs?

A technology company focused on creating products by leveraging new technology.

Areas

  • AI
  • Blockchain
  • IoT
  • AR and VR

The company focuses on the Asian market and is building a full ecosystem of interoperating products.

  • Cryptocurrency Wallet
  • Virtual World
  • NFT Platform
  • RFOX Media
  • RFOX Games

RFOX VALT

A VR shopping experience for everyday consumers. The token is used to buy:

  • Virtual land in VALT
  • Any items or products

VFOX

VFOX is launched on Binance Smart Chain via the platform.

  • VFOX is a rewards token for certain events and actions.

Both RFOX and VFOX holders benefit from the usage of the other one.

Holders can stake both tokens to earn rewards from yield farming on the platform.

RFOX Tokenomics

Total supply: 2,000,000,000

RFOX token address

Distribution

  • 15% – Grants
  • 20% – Marketing
  • 15% – Staking & Earning
  • 20% – Development VALT
  • 5% – Reserve
  • 15% Holders
  • 10% Burn

DOCS

Similar projects

RFOX Token price

Categories
Ethereum Payments

What is the CRO coin used for?

What is CRO coin?

CRO is the native utility coin of crypto.com. CRO powers the overall Crypto.com ecosystem, across payment, trading and financial services.

What is CRO coin used for?

Crypto.com Pay & Chain

  • Stake CRO as validator on the Crypto.com Chain and earn fees on the network.
  • Earn up to 20% cash back paying merchants online and offline.

Crypto.com APP

  • Receive token rewards for selected token listings on the Crypto.com App based on CRO token staked in app.

Crypto.com Exchange

  • Stake CRO and earn up to 10% p.a. on Crypto.com exchange.
  • Get discounted trading fees when staking & paying with CRO on Crypto.com exchange.

Crypto.com Earn

  • Get better interest rate with CRO tokens staked of up to 12% p.a.

Crypto.com Credit

  • Lower annual interest rate (APR) at 8%.

What is crypto.com?

Crypto.com an ecosystem developed to tackle the challenges in crypto adoption.

  • Payments (Crypto.com Pay, Visa Card).
  • Trading (Crypto.com App, Crypto.com Exchange). 
  • Financial services (Decentralized Finance Products, Crypto Earn, Crypto Credit).

Cronos (Crypto.com chain)

Cronos is an EVM compatible chain that runs on Ethermint. It makes it possible to easily bridge and port projects from Ethereum and EVM compatible chains.

Cronos is launching on Oct 18, 2021.

Features

  • Designed for mobile payments.
  • Runs on Tendermint Core BFT.
  • 1 second finality
  • POS / POA
  • Low-cost
  • Open-source

More in whitepaper or docs.

CRO coin issuance

Total supply: 100 000 000 000

  • 10% for Community development (10 Billion CRO).
  • 30% for Secondary distribution & Launch Incentives (30 Billion CRO).
  • 20% Network Long-term Incentives (20 Billion CRO).
  • 20% Capital Reserve (20 Billion CRO).
  • 20% Ecosystem Grants (20 Billion CRO).

Both the wallets for Capital Reserve and Network Long-Term Incentives will be frozen for 3 years (until November 7th, 2022). The wallet for Ecosystem Grant will be frozen until the launch of Crypto.com Chain Mainnet.

The wallet for secondary distribution and launch incentives has 30% of the total CRO supply. This wallet will receive a daily token supply through a smart contract starting from Nov 14, 2018. The total duration of this distribution is 5 years.

Docs

Similar projects

CRO price

Categories
Payments Tendermint

What the LUNA coin is used for

LUNA coin is used for

  • Staking to validate blocks
  • Staking to provide price feeds
  • Keep Terra currencies at their peg
  • Governance

What is Terra?

Terra is a proof of stake blockchain created for price-stable cryptocurrencies with a focus on payments and commerce.

How it works

Terra uses PoS Tendermint BFT consensus.

  • dPoS-like scheme driven by a set of 100 top validators.
  • Blocks every 6 seconds.
  • Miners need to stake LUNA to mine Terra transactions.
  • At every block period, the protocol elects a block producer from the set of staked miners, weighted by the size of the active miner’s Luna stake.

Terra stable currencies

  • Pegged to USD, EUR, CNY, JPY, GBP, KRW, and the IMF SDR.
  • Users can convert TerraKRW for TerraUSD instantly at the effective KRW/USD exchange rate.

Oracle price feeds

  • For any Terra sub-currency – TerraKRW, TerraUSD, TerraSDR – miners submit a vote for what they believe to be the current exchange rate in the target fiat asset.
  • Taking the weighted medians as the true rates.
  • Those who voted 1 standard deviation of the elected median are rewarded. Those who voted outside may be punished via slashing of their stakes.

Price stability

The system uses Luna to stabilize the price of Terra currencies by agreeing to be counter-party to anyone looking to swap Terra and Luna at Terra’s target exchange rate.

  • Price < 1 SDR, users and arbitragers can send 1 TerraSDR to the system and receive 1 SDR’s worth of Luna.
  • Price > 1 SDR, users and arbitragers can send 1 SDR’s worth of Luna to the system and receive 1 TerraSDR.

LUNA supply

  • Volatility is moved from Terra price to Luna supply.
  • This Luna dilution presents a problem for miners; their Luna stakes are worth a smaller portion of total available mining power post-contraction.
  • The system burns a portion of the Luna supply until it has reached its 1 billion equilibrium.

Miner rewards

  • Transactions fees default to 0.1% and are capped at 1%.
  • When demand for Terra increases, the system mints Terra and earns Luna in return. This is called seignorage.
  • Miners voting within the median for price feeds of price earn rewards from the seignorage.
  • The system burns a portion of earned Luna, making mining power scarcer.

More in whitepaper.

LUNA coin issuance

ICO 2020

Token Price: $0.8
Sale of total supply: 20%

Current supply: 997,406,367 LUNA

Docs

What’s the story?

  • Payments made simple
  • Price stable currencies

Competition

LUNA coin price

Categories
Ethereum Payments

What is the UTK token used for?

UTK Token is


UTK is the utility token for Utrust. It is an ERC-20 token on Ethereum.

What is UTK used for?


  • When a user pays with crypto there’s a 1% conversion fee. With UTK the fee is 0%.
  • A percentage of the transactional fee will be used to buyback UTK and remove them from the market. (p. 19)
  • Reverse staking

How UTK works


Reverse staking

In the HOLD app users are rewarded for using digital currencies, not holding them.

  • Stake 1000 UTK and get a reward in UTK for trades or payments.
  • Utrust market-buys and adds it to the user’s staking pool.

Tier 1

  • Stake 1000 UTK
  • 1% back for each trade
  • Lock period: 6 months

Tier 2 – 2021

  • Bigger rewards
  • 0% trading fees
  • Reward in Payments in Utrust Merchants
  • VISA metal debit card

Using UTK for payments

Merchants will be able to receive payments in fiat when buyers make payments in crypto. And be protected from crypto market volatility (p.12-18).

  • The merchant places an item for sale in local currency and adds UTRUST as payment option
  • The buyer selects UTRUST at checkout. Payment is made with the UTK token or other cryptocurrency.
  • The funds are held by UTRUST in escrow and then payment is made to the merchant.
  • If there is a dispute UTRUST can provide a third party arbitrator.

What is Utrust?


Utrust is a platform that simplifies crypto payments for buyers and sellers.

  • Make payments with any major token or coin.
  • Decide which assets to pay with to take advantage of market conditions.

Whitepaper / Docs


Paper

Utrust video


UTK issuance


The UTK contract was changed and new tokens were airdropped 1:1 after KuCoin hack.

Current supply

  • 500 000 000 UTK tokens

These tokens are diluted at a rate of 2% per year for the next 5 years.

UTK price


Categories
Ethereum Payments

What is the DTH token used for?

DTH token


Holders of DTH can claim a zone in the real world by staking the highest amount of DTH for that zone.

The owner of the zone is the only one shown as a crypto to cash in/out-point in the Dether app.

The owner of the zone can charge fees for transactions and charge people that also want to be shown as merchants in that area.

Tax


Every 24h 0.04% (around 15% annually) of what you staked will be sent to the TaxCollector.sol contract, and be either burnt or sent to a developer funds.

Bid for zone


Anyone can open a bid by staking more DTH than a Teller, you will have 24h to add more DTH to stay the owner. When opening a bid, a bidder need to pay an entry fees of 1% of his stake, this entry fees is sent to the TaxCollector contract. The entry fees is here to avoid anyone spamming the network.

Token Incentive


– Add a crypto-to-cash onramps/offramps and charge fees on transactions.

Charge fees for anyone that wants to be a crypto-to-cash onramp/offramp in the zone.

Define the license price for a shop that wants to be shown in the zone.

Zone: A square of approximately (1.22km×0.61km).
Teller: The owner of a Zone.
Shops: By paying a fee to the Teller they can have their physical shop shown in the zone. And can sell goods in exchange for cryptocurrency.

What’s the narrative?


  • Onboarding unbanked to crypto.
  • Route around exchanges with high fees.
  • Good for privacy.

Token allocation


Dether had an ICO in 2018.

  • 100 000 000 Tokens Total
  • 66 000 000 Crowdsale
  • 34 000 000 Team and other

ICO median price: $0.203

Contract

Holders

Dether app


Users can contact each other via their ETH address or Telegram. The transaction does not have to go through the network/app and you can use a different ETH address. The app is installed through their website and not via the App Store or Google Play.

The protocol


Dether is also meant to be used as a protocol of merchants and zones to build on top of. It can be used to power wallets, dapps, really anything that can benefit from a network of crypto buyers and sellers.

DTH price